You hear and read the billions that are spent and you can't comprehend that figure. Well here is something that puts it in perspective. The yearly estimate budget for one year -
Total receipts $6,650,410,000
Total Expenditures $7,345,655,000 (exclusive of debt retirement)
Net deficit $695,245,000
Debt retirement $200,000,000
Gross deficit $895,245,000
This was in what year? I bet the people didn't like that budget because we were in marked recession in business. Would you care to guess the year.
3 comments:
I am just guessing - 1912?
Only one brave enough to guess Mago. It was 1938.
Roughly 900 millions in the red numbers. Great Britan today has a deficit of circa 150 Billion pounds, Germany is with around 80 billion Euro in depth. But I am not sure how they calculated this, I guess its more over all. I think that some of the responsible people simply shrug their shoulders and say: "It's that irreal, who cares anyway?" Wonder whether I will face an inflation ...
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